How to get the shape an fps is aiming to in TGE?

Hi,

I searched the forum for GuiShapeNameHud, GuiCrossHairCtl and lots of other keywords but I could not find anything in this regard.

What I want to achieve is something like in the starter.fps where a health bar is displayed at the crosshair if a shape is in the target. More precisely my game needs to know what you're aiming before you pull the trigger - the display is a nice-to-have, more important is the shape type and name.

I found there are functions to shoot a ray and check for collisions in Torque script but I'm afraid this will be too slow if done permanently and the engine seems to do that anyhow and much better I guess.
I do not need this for a free mouse look mode. The result along the eyevector is enough i.e. the shape that is projected to the screens center.

Thanks in Advance